Square Shareholders Ratify $29B Acquisition Of BNPL Firm Afterpay

November 4, 2021 7:33 AM | 1 min read |

Square Inc SQ shareholders approved the issuance of new shares for the U.S. company's $29 billion purchase of Afterpay Ltd AFTPF AFTPY.
The Buy-Now, Pay-Later firm's shareholders will receive 0.375 of Square class A stock for each unit held, implying a price of A$126.21 per share when the companies announced the deal in August.
The acquisition is likely to close in Q1 of 2022.
Related Content: Square To Acquire Buy-Now, Pay-Later Firm Afterpay In $29B Stock Transaction
Price Action: SQ shares traded higher by 0.87% at $254.67 in the premarket session on the last check Thursday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.